Johnson & Johnson (JNJ) : Lau Associates reduced its stake in Johnson & Johnson by 1.64% during the most recent quarter end. The investment management company now holds a total of 43,436 shares of Johnson & Johnson which is valued at $4,785,778 after selling 725 shares in Johnson & Johnson , the firm said in a disclosure report filed with the SEC on Apr 11, 2016.Johnson & Johnson makes up approximately 4.87% of Lau Associates’s portfolio.
Johnson & Johnson opened for trading at $110.07 and hit $110.4 on the upside on Friday, eventually ending the session at $110.18, with a gain of 0.31% or 0.34 points. The heightened volatility saw the trading volume jump to 1,00,57,921 shares. Company has a market cap of $304,026 M.
Other Hedge Funds, Including , Investment Counsel reduced its stake in JNJ by selling 6,090 shares or 15.34% in the most recent quarter. The Hedge Fund company now holds 33,609 shares of JNJ which is valued at $3,703,040. Johnson & Johnson makes up approx 3.43% of Investment Counsel’s portfolio.Trust Co Of Virginia Va boosted its stake in JNJ in the latest quarter, The investment management firm added 7,161 additional shares and now holds a total of 93,345 shares of Johnson & Johnson which is valued at $10,171,805. Johnson & Johnson makes up approx 1.85% of Trust Co Of Virginia Va’s portfolio.Ct Financial Advisors reduced its stake in JNJ by selling 388 shares or 2.16% in the most recent quarter. The Hedge Fund company now holds 17,542 shares of JNJ which is valued at $1,911,552. Johnson & Johnson makes up approx 1.11% of Ct Financial Advisors’s portfolio.West Oak Capital reduced its stake in JNJ by selling 170 shares or 0.79% in the most recent quarter. The Hedge Fund company now holds 21,360 shares of JNJ which is valued at $2,327,599. Johnson & Johnson makes up approx 1.81% of West Oak Capital’s portfolio.Beacon Financial Group reduced its stake in JNJ by selling 2,985 shares or 3.0% in the most recent quarter. The Hedge Fund company now holds 96,648 shares of JNJ which is valued at $10,552,995. Johnson & Johnson makes up approx 2.28% of Beacon Financial Group’s portfolio.
On the company’s financial health, Johnson & Johnson reported $1.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jan 26, 2016. Analyst had a consensus of $1.42. The company had revenue of $17811.00 million for the quarter, compared to analysts expectations of $17856.07 million. The company’s revenue was down -2.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.27 EPS.
Many Wall Street Analysts have commented on Johnson & Johnson. Company shares were Reiterated by RBC Capital Mkts on Apr 15, 2016 to “Outperform”, Firm has raised the Price Target to $ 122 from a previous price target of $114 .Johnson & Johnson was Upgraded by Goldman to ” Neutral” on Mar 14, 2016.
Johnson & Johnson is a holding company. The Company is engaged in the research and development manufacture and sale of a range of products in the health care field. The Company has more than 265 operating companies conducting business around the world. The Companys primary focus is products related to human health and well-being. The Company is organized into three business segments: Consumer Pharmaceutical and Medical Devices. The Company’s subsidiaries operate 134 manufacturing facilities occupying approximately 21.5 million square feet of floor space. The Companys research facilities are located in the United States Belgium Brazil Canada China France Germany India Israel Japan the Netherlands Singapore Switzerland and the United Kingdom.